SRG Mining (CVE:SRG) Stock Price Up 10.2% – What’s Next?

Shares of SRG Mining Inc. (CVE:SRG) rose 10.2% during trading on Wednesday . The stock traded as high as C$0.54 and last traded at C$0.54. Approximately 37,656 shares traded hands during trading, an increase of 44% from the average daily volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Price Performance

The stock has a market capitalization of C$63.39 million, a PE ratio of -12.07 and a beta of 1.12. The company has a quick ratio of 25.67, a current ratio of 8.89 and a debt-to-equity ratio of 1.37. The stock’s 50-day moving average is C$0.54 and its 200 day moving average is C$0.54.

About SRG Mining

SRG Mining Inc, a Canadian-based mining company, engages in the exploration and development of mineral properties in Africa. The company primarily explores for graphite deposits. It holds interests in the Lola graphite project located in the Republic of Guinea, West Africa. The company was formerly known as SRG Graphite Inc and changed its name to SRG Mining Inc in July 2019.